Bill Zimmerman is evaluating two new business opportunities. Each of the opportunities shown below has a 15-year life. Bill uses a 11% discount rate Equipment purchase and installation Annual cash flow Equipment overhaul in year 6 Equipment overhaul in year 8 Option 1 $70,200 $27,300 $4,700 Option 2 $82,000 $29,700 $6,050 Click here to view the factor table Calculate the net present value of the two opportunities. (Round present value factor calculations to 4 decimal places, eg. 1.2514 and the final answers to decimal places, eg. 59,991.) Option 1 Option 2 Net present value